https://www.taxtmi.com/caselaws?id=75943 The High Court ruled in favor of the assessee in a tax appeal case concerning disallowance of deduction under Section 80HHB and addition of expenditure for other companies. The court found the disallowance under Section 80HHB unjustified due to lack of factual basis and remanded the matter for rational computation. Regarding the addition of expenditure for other companies, the court directed a re-computation based on concrete evidence and emphasized the importance of factual basis in tax assessments. The judgments highlighted the necessity of factual evidence and fair treatment in tax matters for taxpayers and related entities. en-us Tue, 04 May 2010 00:00:00 +0530 Sun, 06 Feb 2011 02:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75943 The High Court ruled in favor of the assessee in a tax appeal case concerning disallowance of deduction under Section 80HHB and addition of expenditure for other companies. The court found the disallowance under Section 80HHB unjustified due to lack of factual basis and remanded the matter for rational computation. Regarding the addition of expenditure for other companies, the court directed a re-computation based on concrete evidence and emphasized the importance of factual basis in tax assessments. The judgments highlighted the necessity of factual evidence and fair treatment in tax matters for taxpayers and related entities. Case-Laws Income Tax Tue, 04 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75943